Downsizing in Seattle, is it time?

It is the time of your life – retirement. You are ready to get started and look at your options. Do you stay in the Seattle home you are living in now or do you downgrade and get a condo or a smaller house? The choice you make will depend on your retirement plans, health and assets.

It can be difficult and demanding for retirees to have to upkeep, housekeep, decorate and pay the bills on a big home. Due to the hassles and costs involved in selling the Seattle house, most people who live in big and spacious homes tend to stay in their own home, even though they may not have the need for all the space. It is actually not that hard to downgrade your home when the need arises. It can even prove advantageous to you.

One of the best benefits of getting a condo in retirement is that you do not have to worry about maintaining a home or having to upgrade it in any way. The landlord or owner of the condo will be responsible for a lot of the major maintenance. The condo owner will care for the landscaping and regular building cleaning.

When you sell your property and downgrade in retirement, you can make the money from the profits of the Seattle home sale and can use it for vacations, for settling any outstanding debts or for investments. You may even wish to sell your house on the verge of your retirement and start renting a home.

Retirement should mean freedom and you need to look at your options so that you can truly make the most of it. If you want to start travelling and visiting friends and family at this point in your life, you should look at how your home will weigh you down. Downgrading your home may mean upgrading your freedom.

This Seattle real estate blog is courtesy of Adrian Willanger at Coldwell Banker Danforth & Associates 206 909-7536 helping people buy and sale homes in the Greater Seattle area. 

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